Showing posts from July, 2016

Move to Speculative Stocks Continues

Still a week to go before regular service resumes.  However, a quick look of the markets since my last post points to the rude health of more speculative issues while more conservative 'blue chip' stocks glide sideways. Semiconductors have had an excellent summer.  This is a key economic bellwether and points to improved business conditions, helped by cheap copper prices. The burst higher over the early part of last week is consolidating its gains near the large white bar highs. This should also offer a boost to Nasdaq and Nasdaq 100 stocks.

Quick Post: Markets at All-Time Highs

While away, markets have done their best to rally behind my back. The Brexit reaction has delivered surprising gains - even the FTSE 100 has broken to new near time highs - and it would appear this surprise (is it?) has caught many players on the wrong side of the trade. It's hard to know where to go from here. The summer session is rarely one to get excited about and there is now a multi-year Brexit factor to consider along with a U.S. election to factor. It's hard to be a long term buyer here, but if you are already long there isn't much reason to sell either. Maybe as November approaches things will become clearer for U.S. markets. Market positives are the relative out-performance of Small Caps over Large Caps:

Still Alive! Intermittent Posting until August 9th

Mix of Work Travel and Vacation has me AFK until August 9th. Surprised to see markets pushing highs given Brexit, but market does what market does :) Posting again soon... You've now read my opinion, next read Douglas' and Jani's . I trade a small account on eToro, and invest using Ameritrade. If you would like to join me on eToro , register through the banner link and search for "fallond". If you are new to spread betting , here is a guide on position size based on eToro's system. --- Accepting KIVA gift certificates to help support the work on this blog. All certificates gifted are converted into loans for those who need the help more. Follow Me on Twitter Dr. Declan Fallon is the Senior Market Technician for , and Product Development Manager for . I also trade on eToro and can be copied for free.


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